ICICI Direct's research report on Mold-Tek Packaging
Mold-Tek Packaging is a leading player in the rigid packaging business and is into manufacturing decorative packaging containers for paint, lubricant, FMCG & foods (F&F) industry. It was the first to introduce in-mould label (IML) decorative products and QR coded packaging products in India • While new product launches helped drive profitability of the company, its balance sheet remained strong with RoCE, RoE of ~18%, 19%, respectively (three-year average).
Outlook
We maintain our HOLD rating on the stock. We value the stock at Rs 1045 i.e. 30xP/E on FY24E EPS.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.